Global

CalPERS, the world's largest pension fund, has voiced its dissatisfaction with five US companies that it feels have performed poorly, both financially and in terms of corporate governance.

Software company Comino has won a contract to run the UK's £1.3m Merchant Navy Pension Administration pension administration system from Watson Systems.

Multi-manager specialist Frank Russell has been awarded the sole mandate for the Compass Pension Scheme - worth over £500m which is the largest single mult-manager mandate in the UK.

Robeco, the Dutch asset manager, has agreed to purchase US fund manager Harbor Capital Advisors for $490m (£345m) in an all cash deal.

Sweden's Andra AP-fonden has chosen Danish systems supplier SimCorp to provide its investment management system.

Croda's £310m UK based pension fund has awarded Standard Life its additional voluntary contribution scheme and stakeholder mandates.

Standard & Poor's has placed the A+ ratings of Irish Life & Permanent's US businesses on CreditWatch, following the announcement that the company is to conduct a strategic review of its North American interests.

Norwich Union has won an additional voluntary contribution mandate from the £240m London based Bromley Superannuation Fund.

Indiana's $12bn (£8.3bn) US based Public Employee's Retirement Fund has hired four international equities managers for its first entry into the asset class.

CalPERS, the largest US public pension fund, has shortlisted seven candidates for its $1.65bn (£1.15bn) health care benefit business.